Sigma Designs (SIGM) Given Consensus Recommendation of “Hold” by Brokerages

Sigma Designs (NASDAQ:SIGM) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.53.

Several brokerages recently weighed in on SIGM. Needham & Company LLC restated a “hold” rating on shares of Sigma Designs in a research note on Wednesday, January 24th. ValuEngine upgraded Sigma Designs from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Sigma Designs during the 4th quarter worth approximately $2,371,000. Global X Management Co. LLC increased its stake in Sigma Designs by 55.6% during the 4th quarter. Global X Management Co. LLC now owns 45,619 shares of the semiconductor company’s stock worth $317,000 after buying an additional 16,305 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Sigma Designs during the 3rd quarter worth approximately $256,000. Uniplan Investment Counsel Inc. purchased a new stake in Sigma Designs during the 3rd quarter worth approximately $5,314,000. Finally, SG Americas Securities LLC purchased a new stake in Sigma Designs during the 4th quarter worth approximately $202,000. Institutional investors own 64.84% of the company’s stock.

Shares of Sigma Designs stock traded up $0.02 on Wednesday, hitting $6.12. The company’s stock had a trading volume of 6,425 shares, compared to its average volume of 520,311. Sigma Designs has a 1 year low of $5.40 and a 1 year high of $7.00.

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Sigma Designs Company Profile

Sigma Designs, Inc is a provider of global integrated semiconductor solutions. The Company offers media platforms for use in the home entertainment and home control markets. The Company sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things (IoT) devices.

Analyst Recommendations for Sigma Designs (NASDAQ:SIGM)

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